Tag Archives: hotels

The direct contribution of travel and tourism sector — which reflects the net value of output generated by hotels, airlines, travel agents, other passenger transportation services (excluding commuter services), and restaurants and leisure industries directly supported by tourists — was expected to rise 6.9 per cent YoY in 2017, suggests a FICCI-KPMG report. This accounts for 3.3 per cent of the country’s GDP, and is expected to form 3.5 per cent of it by 2027. In accordance with its GDP contribution, the sector contributes significantly to job creation. The sector directly accounts for 5.8 per cent of the total employment in India. Further, the Indian travel and tourism sector is expected to have attracted capital investment of Rs 2,387.7 billion (USD35.2 billion) in 2017 — accounting for 5.7 per cent of the total national investment.

The nationwide occupancy for all branded hotels was 65.6 per cent in 2016-17 and the hotels that have existed since 2012/13 achieved 68.4% occupancy last year, according to a report by HVS Global Hospitality Services. Similarly, hotels that have been operating since 2013/14 clocked 67.9% occupancy in 2016/17. On the average rate front, while India’s ARR was `5,658 in 2016/17, for hotels in existence since 2012/13, the ARR last year was more than `6,000.

Hotels that opened in 2015-16 in India  averaged 42.7 per cent and, new openings of 2016-17 averaged  45.9 per cent occupancy in their very first year, according to a report by HVS Global Hospitality Services. Similarly, while  first year ARRs were successively lower than their  preceding years from 2012-13 to 2014-15, the ARR for  hotels that opened in 2015-16 and 2016-17 have seen  an increase in comparison to their preceding year, the report said. Both these figures, coupled with the demand-supply  outlook for the next sixty-months, further corroborate our view that most  markets in India are at a point where both occupancy and ARRs can substantially improve. The question is whether the sector’s stakeholders will truly manage to capitalise  on the evident opportunity, or do we still need to live by  the adage, the report said.

Carlson Wagonlit Travel (CWT) has announced the formal launch of its new business division wholly dedicated to hotel distribution – RoomIt by CWT. The new division is focused on creating and delivering a new and innovative experience to expanding access and providing greater variety to customer accommodations around the world. Scott Brennan, President, hotels, Carlson Wagonlit Travel, says, “RoomIt by CWT simplifies the hotel booking process and puts the most relevant lodging options all in one place. CWT is committed to giving our clients a wide range of global options at the most competitive rates and our investment into RoomIt will enable better, more personalized service to our travelers.” RoomIt is designed with increased functionality and personalization capabilities while equipping companies with the tools to effectively monitor employees’ travel schedules.

In August 2016, the Indian capital’s average occupancy was 61.5 per cent last recording a 7.2 per cent increase compared to the same month the previous year, according to the latest data released by STR. Coupled with a 1.4 per cent rise in average daily rate (ADR) to Rs. 5,376 (approx. $81), Delhi’s revenue per available room (revPAR) rose by 8.7 per cent to Rs. 3,304. The upscale and upper midscale sector reported the strongest revPAR growth in Delhi in August, rising 11.7 per cent. International arrivals to the country increased 12 per cent in August along with consistent double-digit growth in terms of domestic air travel. Delhi Airport alone welcomed more than a quarter (28%) of these inbound visitors.